Facebook’s IPO: Who Got Rich

Facebook’s IPO: Who Got Rich
19/05/2012 by Todd Wasserman on Mashable

Mark Zuckerberg

Zuck, who owns 503.6 million shares, is now worth $19.14 billion, though his personal fortune surpassed the $20 billion mark several times.

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Accel Partners/Jim Breyer

Breyer and Accel got a total of $7.7 billion, a nice payout, considering Accel only invested $12.2 million in Facebook in 2005, according to reports.

Image courtesy Wikimedia Commons.

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Peter Thiel

Thiel's stake is now valued at $1.7 billion. A PayPal co-founder, Thiel was an early investor.

Image courtesy Wikimedia Commons.

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Yuri Milner

Milner's firm DST Global Limited got $1.7 billion in cash in Friday's IPO and a paper value of $3.3 billion.

Image courtesy Wikimedia Commons.

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Sheryl Sandberg

Sandberg didn't sell any shares Friday. She has a paper value of $72.2 million.

Image courtesy Wikimedia Commons.

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Sean Parker

Parker also didn't sell any shares on Friday. His paper value of Facebook shares is now about $2.65 billion.

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Eduardo Saverin

The estranged Facebook co-founder has an estimated net worth of $2.7 billion. He will also save about $67 million in taxes by renouncing his U.S. citizenship, according to estimates.

Image courtesy Eduardo Saverin's Facebook.

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Greylock Partners

Greylock owns 1.5% of Facebook, a stake now worth bout $1.6 billion.

Image courtesy Greylock Partners.

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Bono

No one knows what Bono will make from the IPO, but Elevation Partners, his investment firm, made about $1.5 billion.

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David Choe

Choe, a graffiti artist who painted the walls of Facebook's first offices in Palo Alto, Calif., was paid in 3.77 million shares of the company,which are now worth $144.2 million.

OK, so Facebook’s IPO may have seemed like a lot of sound and fury for 23 cents, but there will still doubtlessly be some celebrating in Menlo Park Friday night.

That’s because a lot of Facebookers got fabulously rich on Friday. True, it probably would have been an even more festive occasion if the stock had hit the $54 that Twitter had predicted, but Facebook’s measly gain on its first day of trading was still worth $115.7 million to Mark Zuckerberg.

Here’s why Zuck and some other big Facebook investors still have cause to pop the Champagne.

Image courtesy of iStockphoto, AUDINDesign




Source: Mashable

Apple forced to suspend push email service in Germany

Apple forced to suspend push email service in Germany
25 February 2012 Last updated at 13:04 GMT

Apple has been forced to stop push email for iCloud and MobileMe users on iOS devices while they are in Germany.

Push email allows users to see their messages on their devices automatically as soon as they are delivered.

However, the ability to receive emails by other means such as by opening the Mail app is unaffected.

Earlier this month a German court ruled that Apple's push technology infringed a Motorola Mobility patent.

Apple says it believes Motorola Mobility's patent are invalid and is appealing the decision.

This latest patent litigation only affects iOS devices. Apple's push service to desktop and laptop computers, and other services such as Microsoft Exchange ActiveSync are not effected.

Apple has published a support note on its website detailing a workaround for customers that are affected by the decision.

Patent battles
Apple and Motorola Mobility have been involved in a series of patent disputes in recent weeks.

In December, Apple briefly pulled several iPad and iPhone models from its German online store after Motorola Mobility enforced a patent injunction against the company.

More recently, Apple won a separate patent dispute with Motorola over the "slide to unlock" feature on many smart phones.

Google announced last year that it plans to acquire Motorola Mobility, which holds 24,500 patents, in a $12.5bn (£7.9bn) deal.